Guideline Value for Anjaparai 2nd Street (178/7)

Anjaparai 2nd Street (178/7) guideline value

The current guideline value of Anjaparai 2nd Street (178/7) is Rs 226 per sq.ft. This street is located in Salangapalayam village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Anjaparai 2nd Street (178/7) has changed

The guideline value for Anjaparai 2nd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 11 per sq.ft. This increased to Rs 13 per sq.ft in 2003, followed by a significant rise to Rs 26 per sq.ft in 2007. The 2012 revision saw a further increase to Rs 200 per sq.ft, but this was followed by a decrease to Rs 134 per sq.ft in 2017. The value remained at Rs 226 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1,955%. The changes between the revisions are as follows: from 2002 to 2003, there was an increase of 18%; from 2003 to 2007, the value doubled with a 100% increase; the 2007 to 2012 period saw a significant rise of 669%; however, there was a decrease of 33% from 2012 to 2017. Finally, there was a 69% increase from 2017 to 2023, but the value did not change from 2023 to 2024.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO, with the 2024 guideline values ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 226 per sq.ft, which matches the guideline value for Anjaparai 2nd Street (178/7).

• Anjaparai 1st Street (190/1,4): Rs 226 per sq.ft (2024)
• Alamarathu Street (1067/9): Rs 200 per sq.ft (2024)
• Avinashi Street (1067/9): Rs 200 per sq.ft (2024)
• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayyan Valasu (700/2): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Anjaparai 2nd Street (178/7)

For a 1,000 sq.ft plot at the current rate of Rs 226 per sq.ft, the guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total to Rs 20,340. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anjaparai 2nd Street (178/7)?

The Sub Registrar Office that covers Anjaparai 2nd Street (178/7) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Salangapalayam

The guideline value is a crucial factor when registering property in Salangapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a mandatory fee for the registration process. This ensures that the transaction is officially recorded and that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Anjaparai 2nd Street (178/7)?

The current guideline value of Anjaparai 2nd Street (178/7) is Rs 226 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 11 per sq.ft in 2002 to Rs 226 per sq.ft in 2024, reflecting an overall increase of 1,955% over the years.

What is the land classification for Anjaparai 2nd Street (178/7)?

Anjaparai 2nd Street (178/7) is classified as Residential Class I Type - III, indicating its suitability for residential use.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,26,000, the total fees would amount to Rs 20,340.

Which office handles registrations for properties in Salangapalayam?

The Kavundapadi Sub Registrar Office is responsible for handling registrations for properties in Salangapalayam, located on Marutham Nagar Bye-pass Road.